Which of the following are true regarding manufacturing overhead for Muesli AG? (Choose all that apply.)

A- Application of Pre-Determined Overhead at Muesli AG is based on Direct Labor Hours.

B- Over or underapplied overhead will affect the cost of goods sold.

C- Over or underapplied overhead is calculated by comparing actual manufacturing overhead with the amount of applied manufacturing overhead.

D- Overhead is applied to finished goods but not to work-in-process.

0.00 Insert formulas and cell references into the "gold" cells below. Estimates for the Year Jobs in Process at the Beginning of the Year Manufacturing Overhead (MOH) 3,590,000 Machine Hours (MH) 4,800 Production Campaigns" POHR (predetermined overhead rate) 747.92 per machine hour Q1-201219 Q2-201220 # of units (boxes) 16,000 32,000 Beginning of the Year Inventory Direct materials 84,800.00 60,000.00 Raw materials 348,800 Direct labor costs 240.00 80.00 Work-in-process 0 Actual machine hours 10.0 2.0 Finished Goods (boxes of Muesli) 426,680 Totals: [1] Completed Job Sheet Information for the Year Jobs in Process at the End of the Year Direct Materials Used 7,905,400 Direct Labor Costs 960,000 Production Campaigns" Actual Machine Hours 4,762 Q4-211219 Q4-211220 Applied Overhead (3) # of units (boxes) 32,000 32,000 Transactions during the Year Direct materials 169,600.00 64,200.00 Raw material purchases 7,900,000 Direct labor costs 960.00 320.00 Raw materials used in production [4] Actual machine hours 24.0 8.0 Direct labor costs [5] Totals: [2] ] Incurred (actual) MOH (15) 3,810,000 Over or Under-applied Overhead Calculation Muesli AG Income Statement for the Year Applied Overhead 0 Actual Overhead [6] Sales 15,224,000 Difference (Over or Under applied?) [7] Cost of Goods Sold Gross Margin 11 0.00 Inventory Change in Value 15,224,000 500.000 400.000 300,000 Values for the Financial Statements at the End of the Year: 200,000 Selling and Administrative Expenses: Administrative Salaries Advertising Maintenance on Office Equpment Office Supplies Sales Salaries Licenses and taxes Interest Expense Beginning of Year End of Year 100.000 0 End of the Year Inventory Raw Materials [8] Work-in-Process Finished Goods 264,000 C 144,000 24,000 12,000 480,000 432,000 720,000 0 339,600 Finished Goods 2,076,000 Raw Materials 18) 81 Work-in-Process Cost of Goods Manufactured [9] Cost of Goods Sold (10) Adjusted Cost of Goods Sold (12] Net Income (11, 13] 13,148,000